Radpay develops a patent-pending merchant card payment solution that combines blockchain (Ethereum Plasma) with PCI-compliant card payment infrastructure and mobile devices to deliver peer-to-peer payment processing and rewards. The company says its portfolio includes more than five dozen inventions and that its solution can improve merchant net margin by as much as 200% depending on merchant type. Radpay’s technology works in both card-present and card-not-present environments, targeting retail, e-commerce, mobile merchants, call centers, and app developers. The company plans to use the new funding to commercialize its technology, expand marketing to e-commerce and retail merchants, and further develop its inventions in blockchain, payments, and digital wallets. Radpay expects its first customers to begin testing the service in January. Financially, Radpay completed a $1.2 million Series Seed equity financing at a $10.2 million post-money valuation, with the round 20% oversubscribed.

Total raised

$1M

Funding rounds

1

Latest round

Seed

Latest activity

Nov 2019